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ITRs submitting: A file excessive of 8.18 crore tax returns have been filed till December 31 for the Assessment Year (AY) 2023-2024 in opposition to 7.51 crore Income Tax Returns (ITRs) filed on the finish of December 31, 2022, the Ministry of Finance mentioned on Monday (January 1).
This is 9 per cent greater than the full Income Tax Returns (ITRs) filed for 2022-23.
The complete variety of audit studies and different types filed in the course of the interval is 1.60 crore, as in opposition to 1.43 crore audit studies and types filed within the corresponding interval of the previous 12 months, the Ministry mentioned in an announcement.
Income-Tax Department appreciates taxpayers
“The Income-Tax Department appreciates taxpayers and tax professionals for making compliances in time, leading to a surge in filing of ITRs, resulting in a new record of 8.18 crore ITRs for the AY 2023-2024 filed up to 31.12.2023 as against 7.51 crore ITRs filed up to 31.12.2022,” it mentioned.
It is heartening to notice that numerous taxpayers did their due diligence by evaluating knowledge of their monetary transactions by viewing their Annual Information Statement (AIS) and Taxpayer Information Summary (TIS).
A considerable portion of the info for all ITRs was prefilled with knowledge pertaining to wage, curiosity, dividend, private data, tax fee together with TDS-related data, introduced ahead losses, MAT credit score, and so on to additional ease compliance by taxpayers, it mentioned. “The facility was used extensively, resulting in smoother and faster filing of ITRs,” it added.
Digital e-pay tax fee platform
Further, throughout this monetary 12 months 2023-2024, a digital e-pay tax fee platform – TIN 2.0 was made absolutely purposeful on the e-filing portal, changing the OLTAS fee system.
This enabled user-friendly choices for e-payment of taxes resembling Internet Banking, NEFT/RTGS, OTC, Debit Card, fee gateway and UPI. TIN 2.0 platform has enabled real-time credit score of taxes to taxpayers which made ITR submitting simpler and quicker.
To encourage taxpayers to file their ITRs and Forms early, over 103.5 crore outreaches had been made by focused e-mail, SMS and different inventive campaigns. Such concerted efforts led to fruitful outcomes with 9 per cent extra ITRs being filed for AY 2023-24 till December 31, 2023. The e-filing Helpdesk group dealt with roughly 27.37 lakh queries from taxpayers in the course of the 12 months upto December 31, 2023, supporting the taxpayers proactively in the course of the peak submitting durations, it mentioned.
“Support from the helpdesk was provided to taxpayers through inbound calls, outbound calls, live chats, WebEx and co-browsing sessions. The Helpdesk team also supported the resolution of queries received on the X(Twitter) handle of the Department through Online Response Management (ORM), by proactively reaching out to the taxpayers/ stakeholders and assisting them for different issues on a near real-time basis,” it added.
The IT Department additional requests to the taxpayers to confirm their unverified ITRs if any, inside 30 days of submitting the ITR to keep away from any penalties.
